Mizuho raises target for Marathon Petroleum stock from USD 304.00 to USD 457.00
Published on 10/08/2026 at 16:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Mizuho raised its Marathon Petroleum price target from USD 304.00 to USD 457.00 on October 8, 2026.
- Marathon Petroleum reported USD 51.99 billion in second-quarter revenue, up 53.50 percent year over year.
- The Lang & Schwarz quote was EUR 408.60 on October 8, 2026, plus 3.64 percent versus EUR 394.25.
- Third-quarter 2026 results are scheduled for November 3, 2026.
Marathon Petroleum Corporation (US56585A1025) was trading at EUR 408.60 at Lang & Schwarz on October 8, 2026 at 4:33 p.m. CEST, up 3.64 percent versus the prior close of EUR 394.25. According to MarketBeat on October 8, 2026, Mizuho raised its Marathon Petroleum target from USD 304.00 to USD 457.00 while retaining a neutral rating. The target reset is the clearest fresh signal for the stock, but it still leaves the analyst view divided.
Three milestones shape the story
On August 4, 2026, Marathon Petroleum reported second-quarter revenue of USD 51.99 billion, compared with USD 40.87 billion expected by analysts, according to MarketBeat. On September 17, 2026, Marathon Petroleum scheduled its third-quarter results for November 3, 2026, with an 11:00 a.m. EST conference call, per Marathon Petroleum. The October 8 target increase is the latest of the three milestones.
What does the target reset change?
Mizuho's USD 457.00 target is USD 153.00 above its previous USD 304.00 target, a 50.33 percent increase. MarketBeat also reported a consensus target of USD 379.94 and a Moderate Buy consensus, showing that Mizuho's new view sits above the broader analyst average.
The operating backdrop remains powerful but cyclical. For the second quarter of 2026, Marathon Petroleum posted diluted earnings per share of USD 17.73 versus USD 3.96 a year earlier, while its refining and marketing margin rose to USD 36.33 per barrel from USD 17.58, according to StockTitan. That margin expansion explains the earnings jump, while the G7 fuel release described in the same report illustrates the risk that supply conditions can normalize.
Results date sets the next test
Marathon Petroleum's next substantiated reporting date is November 3, 2026, when the company will discuss third-quarter results during an 11:00 a.m. EST call, according to Marathon Petroleum. The report will show whether second-quarter margins and earnings per share were durable enough to support the higher valuation implied by Mizuho's target.
Stock trades near its yearly high
Marathon Petroleum's primary listing is on the NYSE in USD. The stock's October 8, 2026 primary-market reference range was USD 161.93 to USD 460.30 over 52 weeks, with market capitalization of USD 134.0 billion. At Lang & Schwarz, the stock was trading at EUR 408.60 on October 8, 2026 at 4:33 p.m. CEST, plus 3.64 percent versus the prior close of EUR 394.25. The further course of trading is shown by the continuously updated real-time quote of Marathon Petroleum stock.
Marathon Petroleum stock facts
- Company: Marathon Petroleum Corporation
- ISIN: US56585A1025
- Ticker: MPC
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 8, 2026 at 4:33 p.m. CEST: EUR 408.60
- Change versus prior close: plus 3.64 percent
- Prior close Lang & Schwarz September 7, 2026: EUR 394.25
- Market capitalization: USD 134.0 billion as of October 8, 2026
- 52-week range: USD 161.93-460.30 as of October 8, 2026
- Sector / Industry: Energy / oil and gas refining and marketing
- Index membership: S&P 500
- Next earnings date: November 3, 2026
Market context: Market report S&P 500.
